Many negative reports about sha contracts. I bought 2 scrypt contrtacts, payed 0,33btc and earned after 4 days 0,18.

What did I do special? Nothing, just mining POT and selling to the highest bidder.

Can anyone report own experience with your scrypt contracts, especially if it differs from my?

They are in Beta stage and these are negative aspects currently (speaking only for myself):

Contracts are not rentable

Misleading info. When you buy contract, you can see that it is tradeable, but contract market is "Contract Trading Coming Soon".

On contract details and FAQ, there is no word about renting. Currently renting of own contracts is not possible. In my case, I bought them to rent, which was not possible

Hashrate: I read some reports about unstable hashrate. I got 200%-1000% of purchased, which could mean that I got hashrate from someone else, but does not mean that I did not get this hashrate from unsold contracts. Mintsy never replied with an explanation what is going on with their hashrate and how much does everybody get. I can confirm that their shown hashrate is wrong. I rent my own rigs there and I've set cgmonitor which actually always shows correct hashrate. If I look at the hashrate of my miner, it shows correct hashrate, looking at the hashrate my renter got, it shows 300%. This is a big mess, especially because renter and rig owner do not have possibility to communicate and refunds are initiated 24hours after the rent is over, which is for crypto, especially for altcoins, it's very long time

There are many cloud services around which are 100% not legit. Until now, Mintsy is far from being accused as a scam, it's just a beta system of an unfinished code.

It's nice to see that someone tries (Mintsy) to create an transparent and legit service and it's great that Vern supports this idea, but whoever is running and developing mintsy, please hire some experienced devs to help your active dev/devs, it's obvious that they are overloaded or there is a problem they are not able to solve by themself, get a good project manager and hire additional devs to pass testing phase.

Thanks for your comments, I concur with most of it.

Pot that profitable though? Still figuring the math on that

*** I don't see 2 scrypt contracts totalling that little, did you have coupon code? Given how low my hashrate has been, I can see someone having the opposite luck.

Many negative reports about sha contracts. I bought 2 scrypt contrtacts, payed 0,33btc and earned after 4 days 0,18.

What did I do special? Nothing, just mining POT and selling to the highest bidder.

Can anyone report own experience with your scrypt contracts, especially if it differs from my?

They are in Beta stage and these are negative aspects currently (speaking only for myself):

Contracts are not rentable

Misleading info. When you buy contract, you can see that it is tradeable, but contract market is "Contract Trading Coming Soon".

On contract details and FAQ, there is no word about renting. Currently renting of own contracts is not possible. In my case, I bought them to rent, which was not possible

Hashrate: I read some reports about unstable hashrate. I got 200%-1000% of purchased, which could mean that I got hashrate from someone else, but does not mean that I did not get this hashrate from unsold contracts. Mintsy never replied with an explanation what is going on with their hashrate and how much does everybody get. I can confirm that their shown hashrate is wrong. I rent my own rigs there and I've set cgmonitor which actually always shows correct hashrate. If I look at the hashrate of my miner, it shows correct hashrate, looking at the hashrate my renter got, it shows 300%. This is a big mess, especially because renter and rig owner do not have possibility to communicate and refunds are initiated 24hours after the rent is over, which is for crypto, especially for altcoins, it's very long time

There are many cloud services around which are 100% not legit. Until now, Mintsy is far from being accused as a scam, it's just a beta system of an unfinished code.

It's nice to see that someone tries (Mintsy) to create an transparent and legit service and it's great that Vern supports this idea, but whoever is running and developing mintsy, please hire some experienced devs to help your active dev/devs, it's obvious that they are overloaded or there is a problem they are not able to solve by themself, get a good project manager and hire additional devs to pass testing phase.

Thanks for your comments, I concur with most of it.

Pot that profitable though? Still figuring the math on that

*** I don't see 2 scrypt contracts totalling that little, did you have coupon code? Given how low my hashrate has been, I can see someone having the opposite luck.

I was not going for most profitable coin, I was going for most stable pool. Mining LTC gave me exact hashrate that I bought, POT showed much more, 50Mh contracts were mining with 200-300Mh in last couple of days, which is 400-600%. Taking this in maths would maybe explain how I actually have already 70% of my ROI.

As I was renting there too, I have multiple tickets regarding hashrate, where for the renter it is shown almost double higher then the real one, mining on external pool shows (in most cases ) "real" hashrate, but it depends still on the pool, there are some pools which Mintsy also shows in double rate, for me it really looks like a bug. Ie, if you make 2 workers, each 1Mh, in sum 2Mh, then you create a new worker and use it's pool for your 2Mh to mine on some pool, their system would show your total hashrate sum 4Mh, would it be correct from a system to recognise that it is 2Mh or is it ok to assume 4Mh? Knowing this fact I was curios if it is the same bug or do I really get so much. According to my contributed shares on mintsy, 400-600% are correct, giving the amount of POT like if I would mine with 200-300Mh.

It would be interesting to find out if they add their own hashrate or is it an uncontroled bug where some of the customers hashrate counts to another account. Maybe some transparency regarding this question would be nice from Mintsy.

I hope that there are no/not many mintsy customers who lost their hashrate, I am really sorry you got unlucky, but I do not think it has anything with luck to do, it's beta system and there are some glitches.

EDIT: No I did not use coupon code, I was asking them multiple times to give me some as I wanted to test their system but had to pay full price.

im still burned that they gave me a refund then to reimburse lost down time due to development... i had a downtime for almost a month... i just wanted my month of mining.. not btc but i had no choice and i dont want to complain why are the hash rates on not a consistent but rather on a average.. do they know anything about load balance?? well back to the sha contract... how about the 100 ghs 30 day?? lol

I got reply that the underperformance is due to the glitches that they have and as my miners were running with higher hashrate, it's ok to lower it, which is highly under question if this is ok. On other side it's beta, I would say it's even working great as beta if I would know that beta will be finished in next 1-2 weeks, which does not happen.

Word beta means for me currently, take care and do not invest, if you invest, then you are a upayed tester where it could even happen that you get nothing, means like always, do not invest what you can't afford (I hate this sentence, everybody can afford anything, it's just a question of brains and luck). From this point of view I am ready to support them with limited resources for beta phase.

All of my contracts have been changed to "Inactive" dunno maybe their data center is down or something

My contract inactive too. The support answer me.

Thank you for contacting Mintsy. My apologies for the downtime. This is a known issue with our Scrypt contracts which are currently under maintenance. Our developers are aware of this and are working on a fix. Please allow some time for them to resolve this issue. Rest assured this is being worked on and your worker will be back online shortly. Once back online your workers will be compensated with more hashing power than promised in the contract.

All of my contracts have been changed to "Inactive" dunno maybe their data center is down or something

My contract inactive too. The support answer me.

Thank you for contacting Mintsy. My apologies for the downtime. This is a known issue with our Scrypt contracts which are currently under maintenance. Our developers are aware of this and are working on a fix. Please allow some time for them to resolve this issue. Rest assured this is being worked on and your worker will be back online shortly. Once back online your workers will be compensated with more hashing power than promised in the contract.

Me too.

I guess my question is why are they still taking money for contracts that they can't fill. I requested a refund and I was told once the contract is done then I can get a refund. So basically they took my money and will hold it for 3 months then give it back. Or worse, get it fixed and ramp up my speed for the last month so the average meets contract details.

No one has ever sent and email out stating they are having issues ( major issues). All I got was a canned response in reply to a ticket. I don't expect to be notified for every little glitch or reboot but this seems like a major issue ( shit hasn't been running for days )

Either way, it is not good. Frankly, I am getting better service from a collapsing ponzi scheme than these guys.

So, my contract has completed, and I thought I'd share my thoughts here. When I initially bought my contract, I did so with a coupon code I had received offering me a discounted price. So, I purchased a 1TH/s SHA256 3 month contract.

Shortly after my purchase, Mintsy changed their contracts, and upgraded me from 1TH/s to 2.5TH/s, also extending my contract duration. At this point, I was quite happy with the service.

I tried a few of the options available to me - using Mintsy pools, my own external pools, etc. I didn't have much luck getting external pools to work, but the Mintsy BTC pool worked just fine, so that's where I kept my contracted hashing power. I also tried to use my own hardware to mine at the Mintsy BTC pool. Relaying through MRR didn't work at all; however, just pointing my gear directly at the pool worked out alright.

So... where did things go wrong? It wasn't for a while into my contract until things started to go awry. Where my hash rate had been very consistent early on, it spiked wildly. Hours would go by where no hash rate at all was reported, then it would spike up to some higher amount for a bit to attempt to compensate. Well, I wasn't too bothered by this because even though the graphs were showing bursty traffic, the average was close to the contracted amount. Unfortunately, then the payouts were way off. Even though I should have been credited for what my average hash rate was showing, the payouts didn't come close to reflecting that value.

I opened a number of tickets with support to explain my issues. I would typically receive a quick reply, even if it was a canned response about being compensated at the end of my contract if necessary. My biggest problem with support was that they were quick to reject any reported problem. For example, when I reported my hash rate and earnings were far below what was expected, I was given the canned answer of "sometimes hash rate dips below contracted rate". When I supplied proof that this was more than just a dip (it had been going on for nearly a week), I was then told that it wasn't possible for me to predict my earnings. Why is it that I'm the one responsible for a bitcoin mining operation's support team's education? What do you mean I can't predict earnings? Every online calculator out there predicts earnings. The formula for calculating expected earnings is readily available. Finally, after providing evidence of my actual payouts vs expected payouts, and how I arrived at my expected payouts value, I was told there was a problem with miner reporting and that I'd be compensated.

Unfortunately, things never really recovered. Hash rate was still swinging all over the place. Graphs reported a large percentage of rejected shares from my contracted hashing power. Payouts were well below what I should have received. Basically the entire month of June the payouts were far below what they should have been. Towards the end of my contract, the pool's hash rate began to drop. It went from a peak of over 7PH/s down to where it is today, averaging about 20TH/s. Since the hash rate dropped so significantly (all during the month of July it dropped), there were very few blocks found, and hence very little payout - although the payouts I did receive in July were right about what I would have expected for the hash rate I had.

It's too bad this didn't work out. The service offered some pretty promising features had it been able to deliver. Unfortunately it couldn't, and for that reason, I cannot recommend it.

So am I really going to have to wait 3 months to get a refund for a contract that hasn't worked for 10 out of the 11 days I have had it. The one day it did worked it was intermittent and avg hash rate was well below ( about 70% ) below what contract was suppose to be.

Business must be good then if they don't want to see another penny from me.

Decided to give ths a go and will not be mining in the future with them. So far had nothing but problems with their scrypt mienrs and been told by support they are aware and awating to resolved the matter. Yet it was fixe and then down again and now been down for over a week of lost mining and coins am mining are due to half on rewards. I could of gone elsehwere and mined theri and had a lot more hash with the other company.

Last week of 0MH mining

quote from support staff.

Quote

As of the moment, I have not received an update from our developers regarding an ETA of when this will be resolved. Once I have more information from them I will let you know right away. I am sure there will be an announcement made once this issue is resolved. They will also inform you then as far as compensation is concerned aside from increasing your hashrates to compensate for the downtime. Till then I do not have anything new to report. Hoping for your understanding and patience.

Have a great day!

Am wanting a refund than this and been told if it is not advantage over contract ehn full refund will be given. I have 26 days remaining and lost out big time here. If anyone else is considering to mine here mine elsewhere as their services have caused me nothing but hell.